Capital Group International Core Equity ETF (CGIC) Holdings
CGIC holdings summary
as of Oct 25, 2026- Holdings
- 180 positions listed
- Top 10 weight
- 21.9% of net assets
- Effective holdings
- 83 equal-weight equivalent
- Largest holding
- TSM 5.52% Taiwan Semiconductor Manufacturing…
- Annual turnover
- — of the portfolio traded
Top 1021.9%
Top 2535.8%
Top 5052.7%
Top 10073.9%
All CGIC holdings
180 holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | TSM | Taiwan Semiconductor Manufacturing Company Limited | Technology | 5.52% | $139.2M | $2.14T | 26.7 |
| 2 | ASML | ASML Holding N.V. | Technology | 2.94% | $74.1M | — | — |
| 3 | SSNLF | Samsung Electronics Co Ltd | Technology | 2.50% | $63.1M | — | — |
| 4 | TTE | TotalEnergies SE | Energy | 2.08% | $52.4M | $201.39B | 11.4 |
| 5 | 2454 | MediaTek Inc | Technology | 1.91% | $48.3M | — | — |
| 6 | BA | BAE Systems plc | Industrials | 1.62% | $40.9M | — | — |
| 7 | UCG | UniCredit S.p.A. | Financial Services | 1.56% | $39.4M | — | — |
| 8 | 000660 | SK Hynix Inc | Technology | 1.38% | $34.9M | — | — |
| 9 | 033780 | KT&G Corp | Consumer Defensive | 1.19% | $30.0M | — | — |
| 10 | BATS | British American Tobacco PLC | Consumer Defensive | 1.16% | $29.1M | — | — |
| 11 | D05 | DBS Group Holdings Ltd | Financial Services | 1.13% | $28.5M | — | — |
| 12 | AZN | AstraZeneca PLC | Healthcare | 1.07% | $26.9M | — | — |
| 13 | RY4D | RYANAIR HLDGS ADR NEW/5 | Industrials | 1.02% | $25.6M | — | — |
| 14 | PM | Philip Morris International Inc. | Consumer Defensive | 1.01% | $25.6M | $319.83B | 29.5 |
| 15 | GLEN | Glencore PLC | Basic Materials | 0.97% | $24.6M | — | — |
| 16 | BAS | BASF SE | Basic Materials | 0.96% | $24.2M | — | — |
| 17 | SIE | Siemens Aktiengesellschaft | Industrials | 0.91% | $22.9M | — | — |
| 18 | CNQ | Canadian Natural Resources Ltd | Energy | 0.91% | $22.8M | — | — |
| 19 | AIR | Airbus Group SE | Industrials | 0.88% | $22.1M | — | — |
| 20 | NESN | Nestle S.A. | Consumer Defensive | 0.87% | $21.9M | — | — |
| 21 | CABK | Caixabank SA | Financial Services | 0.87% | $21.8M | — | — |
| 22 | HSBA | HSBC Holdings PLC | Financial Services | 0.84% | $21.2M | — | — |
| 23 | ABX | Barrick Gold Corp | Basic Materials | 0.83% | $21.0M | — | — |
| 24 | KPN | Koninklijke KPN NV | Communication Services | 0.82% | $20.6M | — | — |
| 25 | AEM | Agnico Eagle Mines Limited | Basic Materials | 0.80% | $20.3M | — | — |
| 26 | BBVA | Banco Bilbao Vizcaya Argentaria SA | Financial Services | 0.79% | $19.8M | — | — |
| 27 | RWE | RWE AG | Utilities | 0.77% | $19.4M | — | — |
| 28 | DHL | Deutsche Post AG | Industrials | 0.77% | $19.3M | — | — |
| 29 | SAN | Sanofi SA | Healthcare | 0.76% | $19.1M | — | — |
| 30 | 105560 | KB Financial Group | Financial Services | 0.76% | $19.1M | — | — |
| 31 | ENGI | Engie S.A. | Utilities | 0.75% | $19.0M | — | — |
| 32 | SAP | SAP SE | Technology | 0.75% | $18.9M | — | — |
| 33 | Z74 | Singapore Telecommunications Limited | Communication Services | 0.75% | $18.9M | — | — |
| 34 | EL | EssilorLuxottica S. A. | Healthcare | 0.74% | $18.6M | — | — |
| 35 | 6098 | Recruit Holdings Co Ltd | Communication Services | 0.73% | $18.4M | — | — |
| 36 | BT-A | BT Group Plc | Communication Services | 0.72% | $18.1M | — | — |
| 37 | ORA | Orange S.A. | Communication Services | 0.72% | $18.1M | — | — |
| 38 | BNP | BNP Paribas SA | Financial Services | 0.71% | $18.0M | — | — |
| 39 | IBE | Iberdrola S.A. | Utilities | 0.69% | $17.4M | — | — |
| 40 | 2328 | PICC Property & Casualty-H | Financial Services | 0.66% | $16.7M | — | — |
| 41 | SSE | SSE PLC | Utilities | 0.65% | $16.3M | — | — |
| 42 | VALE | Vale S.A. | Basic Materials | 0.61% | $15.4M | $55.58B | 26.1 |
| 43 | 7182 | Japan Post Bank Co Ltd | Financial Services | 0.60% | $15.2M | — | — |
| 44 | 0700 | Tencent Holdings Ltd | Communication Services | 0.60% | $15.2M | — | — |
| 45 | DGE | Diageo PLC | Consumer Defensive | 0.58% | $14.7M | — | — |
| 46 | 6501 | Hitachi Ltd | Industrials | 0.58% | $14.5M | — | — |
| 47 | TCOM | Trip.com Group Limited | Consumer Cyclical | 0.58% | $14.5M | $25.19B | 8.1 |
| 48 | ENX | Euronext N.V. | Financial Services | 0.57% | $14.3M | — | — |
| 49 | HTHT | H World Group Limited | Consumer Cyclical | 0.56% | $14.2M | $14.67B | 34.7 |
| 50 | SAF | Safran SA | Industrials | 0.55% | $13.8M | — | — |
| 51 | STAN | Standard Chartered PLC | Financial Services | 0.54% | $13.7M | — | — |
| 52 | 8001 | Itochu Corp. | Industrials | 0.53% | $13.5M | — | — |
| 53 | 9843 | Nitori Holdings Co Ltd | Consumer Cyclical | 0.53% | $13.4M | — | — |
| 54 | ML | Compagnie Generale des Etablissements Michelin SCA | Consumer Cyclical | 0.53% | $13.3M | — | — |
| 55 | 1299 | AIA Group Ltd | Financial Services | 0.52% | $13.1M | — | — |
| 56 | 8308 | Resona Holdings Inc. | Financial Services | 0.52% | $13.1M | — | — |
| 57 | CARL-B | Carlsberg A/S | Consumer Defensive | 0.51% | $12.9M | — | — |
| 58 | AVGO | Broadcom Inc. | Technology | 0.50% | $12.6M | $1.57T | 43.3 |
| 59 | BHARTIARTL | Bharti Airtel Limited | Communication Services | 0.50% | $12.6M | — | — |
| 60 | SEB-A | Skandinaviska Enskilda Banken AB (publ) | Financial Services | 0.50% | $12.6M | — | — |
| 61 | AV | Aviva PLC | Financial Services | 0.48% | $12.0M | — | — |
| 62 | DPLM | Diploma PLC | Industrials | 0.48% | $12.0M | — | — |
| 63 | SHEL | Shell plc | Energy | 0.47% | $11.9M | — | — |
| 64 | CCO | Cameco Corp | Energy | 0.46% | $11.7M | — | — |
| 65 | PRU | Prudential plc | Financial Services | 0.46% | $11.7M | — | — |
| 66 | 4502 | Takeda Pharmaceutical Co. Ltd. | Healthcare | 0.46% | $11.6M | — | — |
| 67 | POLI | Bank Hapoalim | Financial Services | 0.46% | $11.6M | — | — |
| 68 | GLE | Societe Generale S.A. | Financial Services | 0.45% | $11.5M | — | — |
| 69 | OR | LOréal S.A. | Consumer Defensive | 0.45% | $11.3M | — | — |
| 70 | 7974 | Nintendo Co Ltd | Communication Services | 0.44% | $11.2M | — | — |
| 71 | 9999 | NetEase Inc | Communication Services | 0.43% | $10.8M | — | — |
| 72 | PRX | Prosus N.V. | Consumer Cyclical | 0.43% | $10.8M | — | — |
| 73 | AC | Arca Continental S.A.B. de C.V | Consumer Defensive | 0.42% | $10.6M | — | — |
| 74 | 8725 | MS&AD Insurance Group Holdings | Financial Services | 0.42% | $10.6M | — | — |
| 75 | RBS | The Royal Bank of Scotland Group plc | Regional Banks | 0.41% | $10.4M | — | — |
| 76 | 8795 | T&D Holdings Inc. | Financial Services | 0.41% | $10.3M | — | — |
| 77 | 0388 | Hong Kong Exchange and Clearing Ltd | Financial Services | 0.41% | $10.3M | — | — |
| 78 | AMS | Anglo American Platinum Ltd | Basic Materials | 0.41% | $10.3M | — | — |
| 79 | 6752 | Panasonic Corp | Technology | 0.40% | $10.1M | — | — |
| 80 | CS | AXA SA | Financial Services | 0.40% | $10.0M | — | — |
| 81 | SAN | Banco Santander S.A. | Financial Services | 0.40% | $10.0M | — | — |
| 82 | 0669 | Techtronic Industries Co Ltd | Industrials | 0.40% | $10.0M | — | — |
| 83 | S63 | SINGAPORE TECH ENGINEERING LTD | Industrials | 0.38% | $9.7M | — | — |
| 84 | IMB | Imperial Brands PLC | Consumer Defensive | 0.38% | $9.5M | — | — |
| 85 | AXISBANK | Axis Bank Limited | Financial Services | 0.37% | $9.4M | — | — |
| 86 | 1113 | CK Asset Holdings Ltd | Real Estate | 0.37% | $9.4M | — | — |
| 87 | CM | Canadian Imperial Bank Of Commerce | Financial Services | 0.37% | $9.4M | — | — |
| 88 | 8802 | Mitsubishi Estate Co Ltd | Real Estate | 0.37% | $9.4M | — | — |
| 89 | RNO | Renault SA | Consumer Cyclical | 0.37% | $9.3M | — | — |
| 90 | BPAC11 | Banco BTG Pactual S.A. | Financial Services | 0.37% | $9.2M | — | — |
| 91 | BAP | Credicorp Ltd. | Financial Services | 0.36% | $9.2M | $30.99B | 14.7 |
| 92 | LUMI | Bank Leumi Le-Israel B.M | Financial Services | 0.36% | $9.0M | — | — |
| 93 | 0QIU | Novo Nordisk A/S Class B | Other | 0.35% | $8.9M | — | — |
| 94 | CA | Carrefour SA | Consumer Defensive | 0.35% | $8.9M | — | — |
| 95 | RR | Rolls-Royce Holdings PLC | Industrials | 0.35% | $8.9M | — | — |
| 96 | DASTF | Dassault Systemes SE | Technology | 0.35% | $8.9M | — | — |
| 97 | 4188 | Mitsubishi Chemical Holdings Corp | Basic Materials | 0.35% | $8.8M | — | — |
| 98 | RI | Pernod Ricard S.A. | Consumer Defensive | 0.35% | $8.7M | — | — |
| 99 | 2282 | MGM China Holdings Ltd | Consumer Cyclical | 0.34% | $8.7M | — | — |
| 100 | 8766 | Tokio Marine Holdings Inc. | Financial Services | 0.33% | $8.3M | — | — |
| 101 | 6702 | Fujitsu Ltd. | Technology | 0.33% | $8.3M | — | — |
| 102 | IAG | International Consolidated Airlines Group S.A | Industrials | 0.32% | $8.2M | — | — |
| 103 | LIN | Linde plc | Basic Materials | 0.32% | $8.0M | $229.77B | 32.2 |
| 104 | 0522 | ASM Pacific Technology Ltd | Technology | 0.31% | $7.9M | — | — |
| 105 | HSX | Hiscox Ltd | Financial Services | 0.31% | $7.8M | — | — |
| 106 | AMCR | Amcor plc | Consumer Cyclical | 0.31% | $7.8M | $20.26B | 18.4 |
| 107 | GMEXICOB | Grupo México S.A.B. de C.V | Basic Materials | 0.31% | $7.7M | — | — |
| 108 | TOU | Tourmaline Oil Corp. | Energy | 0.30% | $7.7M | — | — |
| 109 | 6301 | Komatsu Ltd. | Industrials | 0.30% | $7.6M | — | — |
| 110 | 8035 | Tokyo Electron Limited | Technology | 0.30% | $7.6M | — | — |
| 111 | SHL | Siemens Healthineers AG | Healthcare | 0.30% | $7.6M | — | — |
| 112 | XP | XP Inc. | Financial Services | 0.30% | $7.5M | $14.83B | 15.3 |
| 113 | VACN | VAT Group AG | Industrials | 0.30% | $7.4M | — | — |
| 114 | SU | Schneider Electric S.E. | Industrials | 0.29% | $7.4M | — | — |
| 115 | 7013 | IHI Corp. | Industrials | 0.29% | $7.4M | — | — |
| 116 | 0823 | Link Real Estate Investment Trust | Real Estate | 0.29% | $7.3M | — | — |
| 117 | 8411 | Mizuho Financial Group Inc | Financial Services | 0.29% | $7.3M | — | — |
| 118 | 1180 | Saudi National Bank | Financial Services | 0.29% | $7.3M | — | — |
| 119 | ABBN | ABB Ltd | Industrials | 0.29% | $7.3M | — | — |
| 120 | CPA | Copa Holdings, S.A. | Industrials | 0.29% | $7.3M | $5.43B | 8.7 |
| 121 | DB1 | Deutsche Börse AG | Financial Services | 0.29% | $7.2M | — | — |
| 122 | REL | Relx PLC | Industrials | 0.28% | $7.0M | — | — |
| 123 | AMC | Amcor Plc | Consumer Cyclical | 0.28% | $7.0M | — | — |
| 124 | MC | LVMH Moët Hennessy - Louis Vuitton | Consumer Cyclical | 0.27% | $6.9M | — | — |
| 125 | 1109 | China Resources Land Ltd | Real Estate | 0.27% | $6.8M | — | — |
| 126 | 086790 | Hana Financial | Financial Services | 0.27% | $6.8M | — | — |
| 127 | 2020 | ANTA Sports Products Ltd | Consumer Cyclical | 0.26% | $6.6M | — | — |
| 128 | 9404 | Nippon Television Holdings Inc | Communication Services | 0.26% | $6.5M | — | — |
| 129 | TRYG | Tryg A/S | Financial Services | 0.26% | $6.5M | — | — |
| 130 | ZURN | Zurich Insurance Group AG | Financial Services | 0.25% | $6.2M | — | — |
| 131 | KRX | Kingspan Group plc | Industrials | 0.24% | $6.2M | — | — |
| 132 | BN | Danone SA | Consumer Defensive | 0.24% | $6.1M | — | — |
| 133 | PAAS | Pan American Silver Corp | Basic Materials | 0.24% | $6.1M | — | — |
| 134 | HEI | Heidelberg Materials AG | Basic Materials | 0.24% | $6.0M | — | — |
| 135 | LHA | Deutsche Lufthansa AG | Industrials | 0.24% | $6.0M | — | — |
| 136 | FCX | Freeport-McMoRan Inc. | Basic Materials | 0.24% | $6.0M | $99.86B | 34.3 |
| 137 | SCCO | Southern Copper Corporation | Basic Materials | 0.24% | $6.0M | $169.30B | 29.9 |
| 138 | CVE | Cenovus Energy Inc | Energy | 0.24% | $6.0M | — | — |
| 139 | BIP-UN | Brookfield Infrastructure Partners L.P | Utilities | 0.23% | $5.9M | — | — |
| 140 | 012450 | Hanwha Aerospace Co Ltd | Industrials | 0.23% | $5.9M | — | — |
| 141 | NHY | Norsk Hydro ASA | Basic Materials | 0.22% | $5.5M | — | — |
| 142 | 600660 | Fuyao Glass Industry Group Co Ltd Class A | Consumer Cyclical | 0.22% | $5.5M | — | — |
| 143 | 6503 | Mitsubishi Electric Corp | Industrials | 0.22% | $5.5M | — | — |
| 144 | 2802 | Ajinomoto Co. Inc. | Consumer Defensive | 0.22% | $5.5M | — | — |
| 145 | ABI | Anheuser Busch Inbev SA NV | Consumer Defensive | 0.22% | $5.4M | — | — |
| 146 | SCMN | Swisscom AG | Communication Services | 0.21% | $5.4M | — | — |
| 147 | HDFCBANK | HDFC Bank Limited | Financial Services | 0.21% | $5.4M | — | — |
| 148 | 9503 | Kansai Electric Power Co Inc | Utilities | 0.20% | $5.1M | — | — |
| 149 | PUB | Publicis Groupe SA | Communication Services | 0.20% | $4.9M | — | — |
| 150 | AISF | Advanced Info Service Public Company Limited | Communication Services | 0.20% | $4.9M | — | — |
| 151 | IHG | InterContinental Hotels Group PLC | Consumer Cyclical | 0.19% | $4.7M | — | — |
| 152 | MTN | MTN Group Ltd | Communication Services | 0.18% | $4.6M | — | — |
| 153 | BMRI | Bank Mandiri Persero Tbk PT | Financial Services | 0.18% | $4.6M | — | — |
| 154 | 8031 | Mitsui & Co. Ltd. | Industrials | 0.18% | $4.6M | — | — |
| 155 | 051910 | LG Chemicals | Basic Materials | 0.18% | $4.6M | — | — |
| 156 | 0992 | Lenovo Group | Technology | 0.18% | $4.6M | — | — |
| 157 | MONC | Moncler SpA | Consumer Cyclical | 0.18% | $4.5M | — | — |
| 158 | 3653 | Jentech Precision Industrial Co Ltd | Technology | 0.18% | $4.4M | — | — |
| 159 | CAP | Capgemini SE | Technology | 0.18% | $4.4M | — | — |
| 160 | 9888 | Baidu Inc | Communication Services | 0.17% | $4.3M | — | — |
| 161 | 6273 | SMC Corp | Industrials | 0.17% | $4.2M | — | — |
| 162 | 1339 | People’s Insurance Group of China Co Ltd | Financial Services | 0.16% | $4.1M | — | — |
| 163 | GTT | Gaztransport & Technigaz SAS | Energy | 0.16% | $4.1M | — | — |
| 164 | 1801 | Taisei Corp. | Industrials | 0.16% | $4.0M | — | — |
| 165 | VALE3 | Vale S.A. | Basic Materials | 0.16% | $4.0M | — | — |
| 166 | 4519 | Chugai Pharmaceutical Co. Ltd. | Healthcare | 0.16% | $4.0M | — | — |
| 167 | 000333 | Midea Group Co Ltd | Consumer Cyclical | 0.16% | $4.0M | — | — |
| 168 | 300750 | Contemporary Amperex Technology Co Ltd Class A | Industrials | 0.15% | $3.8M | — | — |
| 169 | ORA | Aura Minerals Inc | Basic Materials | 0.15% | $3.8M | — | — |
| 170 | NOKIA | Nokia Oyj | Technology | 0.15% | $3.8M | — | — |
| 171 | UMG | Universal Music Group N.V. | Communication Services | 0.14% | $3.6M | — | — |
| 172 | 032830 | Samsung Life | Financial Services | 0.14% | $3.6M | — | — |
| 173 | PLUS | Plus500 Ltd | Financial Services | 0.14% | $3.5M | — | — |
| 174 | ETOR | eToro Group Ltd. | Financial Services | 0.13% | $3.3M | $1.94B | 9.0 |
| 175 | BP | BP PLC | Energy | 0.12% | $3.1M | — | — |
| 176 | III | 3I Group PLC | Financial Services | 0.12% | $3.1M | — | — |
| 177 | NTR | Nutrien Ltd | Basic Materials | 0.12% | $3.1M | — | — |
| 178 | 5803 | Fujikura Ltd. | Industrials | 0.12% | $3.0M | — | — |
| 179 | KI5 | Kioxia Holdings Corporation | Technology | 0.11% | $2.8M | — | — |
| 180 | GRFS | Grifols, S.A. | Healthcare | 0.04% | $905,281.56 | $5.20B | 9.9 |
Weights as a percentage of net assets. Value held = weight × net assets ($2.52B). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
CGIC sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Financial Services | 20.0% | 44 | UCG, D05, CABK |
| Technology | 18.0% | 17 | TSM, ASML, SSNLF |
| Industrials | 12.5% | 29 | BA, RY4D, SIE |
| Consumer Defensive | 7.9% | 14 | 033780, BATS, PM |
| Basic Materials | 7.3% | 18 | GLEN, BAS, ABX |
| Communication Services | 7.1% | 16 | KPN, Z74, 6098 |
| Consumer Cyclical | 5.2% | 15 | TCOM, HTHT, 9843 |
| Energy | 4.7% | 8 | TTE, CNQ, SHEL |
| Healthcare | 3.5% | 7 | AZN, SAN, EL |
| Utilities | 3.3% | 6 | RWE, ENGI, IBE |
| Real Estate | 1.3% | 4 | 1113, 8802, 0823 |
| Regional Banks | 0.4% | 1 | RBS |
| Other | 0.4% | 1 | 0QIU |
Sum of the weights of the holdings in each sector.
CGIC top industries
Banks - Regional
9.9%
Semiconductors
9.4%
Telecom Services
4.1%
Aerospace & Defense
4.0%
Tobacco
3.7%
Semiconductor Equipment & Materials
3.6%
Utilities - Diversified
3.1%
Banks - Diversified
2.9%
Oil & Gas Integrated
2.9%
Consumer Electronics
2.9%
Other Industrial Metals & Mining
2.1%
Gold
2.0%
Drug Manufacturers - General
2.0%
Specialty Industrial Machinery
2.0%
Insurance - Property & Casualty
1.9%
CGIC overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| VXUS | Vanguard Total International Stock ETF | 25.4% | 161 of 8,035 | 0.05% |
| SPY | SPDR S&P 500 ETF | 1.8% | 8 of 502 | 0.09% |
| VTI | Vanguard Total Stock Market ETF | 1.7% | 17 of 2,941 | 0.03% |
| DIA | SPDR Dow Jones Industrial Average ETF | 1.6% | 1 of 30 | 0.16% |
| QQQ | Invesco QQQ ETF | 1.5% | 3 of 101 | 0.17% |
| IWM | iShares Russell 2000 ETF | 0.7% | 8 of 1,962 | 0.19% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the CGIC portfolio
Capital Group International Core Equity ETF holds 180 positions. The ten largest make up 21.9% of the fund and the top 50 52.7%, so it behaves like a portfolio of about 83 equally weighted positions. The biggest positions are Taiwan Semiconductor Manufacturing Company Limited (5.52%), ASML Holding N.V. (2.94%), Samsung Electronics Co Ltd (2.50%), TotalEnergies SE (2.08%), MediaTek Inc (1.91%).
By sector, Financial Services is 20.0%, Technology is 18.0%, Industrials is 12.5%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: CGIC chart, CGIC performance, CGIC dividends, CGIC overview.
CGIC holdings FAQ
How many holdings does CGIC have?
CGIC holds 180 positions as of October 25, 2026.
What are the top 10 holdings of CGIC?
The ten largest holdings are Taiwan Semiconductor Manufacturing Company Limited (5.52%), ASML Holding N.V. (2.94%), Samsung Electronics Co Ltd (2.50%), TotalEnergies SE (2.08%), MediaTek Inc (1.91%), BAE Systems plc (1.62%), UniCredit S.p.A. (1.56%), SK Hynix Inc (1.38%), KT&G Corp (1.19%), British American Tobacco PLC (1.16%). Together they are 21.9% of the fund.
What percentage of CGIC is Taiwan Semiconductor Manufacturing Company Limited?
Taiwan Semiconductor Manufacturing Company Limited is the largest holding at 5.52% of net assets, about $139.2M of the fund's $2.52B.
Which sector is the largest in CGIC?
Financial Services is the largest sector at 20.0%, followed by Technology (18.0%) and Industrials (12.5%), based on the sectors of the individual holdings.
How concentrated is CGIC?
The top 10 holdings are 21.9% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) CGIC behaves like a portfolio of about 83 equally weighted positions.